Rotterdam Rules: A Practical Annotation
Transfer of Rights
Article 57. When a negotiable transport document or negotiable electronic transport record is issued
COGSA 1992 does not explicitly lay down how bills of lading within the Act need to be transferred and endorsed. In defining a “bill of lading” at section 1(2)(a) and “holder” at section 5(2), however, the Act implicitly reflects the assumptions which are made explicit at Article 57.